Justice Says Proposed Bill Would Help Stop Use of Shell Companies
On August 5, 2011, the Justice Department announced that it joined the Treasury and Homeland Security Departments in welcoming the recent introduction of a bill that would require disclosure of beneficial ownership information in the company formation process. This legislation…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
would facilitate the transparency of the financial system by closing loopholes and making it more difficult for criminal organizations to hide behind front companies and shell corporations, an objective referenced in the President’s Strategy to Combat Transnational Organized Crime.